CADA: China’s auto inventories remain high in March

Stocks of finished vehicles awaiting sale across China remained high in March, with the Vehicle Inventory Alert Index at 55.3 last month, marking the fifteenth month in succession that stocks have been above the alert level, although the result was a notable 8.3 basis points lower than in February, the latest statistics from China Automobile Dealers Association (CADA) showed.

The reading was 3.2 basis points higher on year, the statistics published on March 31 indicated. “Trading in March was still slack. Although part of the buying was boosted by Spring sales held by some dealers, a lot of buyers stayed on the sidelines due to the pending cut